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. good morning, every. the big weather story has been the drought and the heat throughout much of texas. we were very encouraged that we could get a tropical storm that would head over texas and you can see that big red blob. this is tropical storm don. it does not appear that don will bring us the relieve that we need. houston probably won't see anything, corpus krissy christy some showers. it has tracked further south than we would have liked. you can see that the bapath is more north/northwest. we wanted to end up in central texas. it looks like it will rain itself out over northern mexico and the mountains and that will quickly break the storm up. so even west texas may not get the relief we were hoping for. landfall should be sometime close to midnight and then it will quickly be moving out. so in brownsville, by saturday morning, this could be over with. and it should be anywhere between a 50 to 65-mile-an-hour tropical storm. so at bit of a pump, but it won't do any devastation. we were hoping for rain. you can see the scattered showers off the coast that will be arriving during
or not our political system, whether the leaders can get together, whether they can solve big problems or are they just going to kick the can? if you look at the statements of the rating agencies who have questioned the fiscal soundness of this country, it's about our political system, not being willing or able, seemingly, to take on big tasks. >> the president may be confident about a larger plan but senate minority leader mitch mcconnell, one of the key lawmakers involved in negotiations says he thinks a $4 trillion deal is off the table. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> after last night's white house meeting, house minority leader nancy pelosi said democrats are still hopeful for a large bipartisan agreement as long as it does not do harm to the middle class. and aides to john boehner says the speaker now believes the cuts outlined by vice president biden's bipartisan gro
to democratic aides, a debt deal without tax increases is reportedly moving forward. tonight, the big three remain on the chopping block. democrats need to understand cutting the big three in any way is a disaster. this is "the ed show." let's get to work. >>> democrats still say no deal without taxes. the tan man can't control his tea partiers. meanwhile, religious and civil rights leaders are personally urging the president not to cut the social safety net. reverend jim wallace met with the president. he's here tonight. in "psycho tk" el rushbo is pushing another democratic conspiracy theory. and congressman allen west voted to cut social security for his constituents and for some listen he's still attacking debbie wasserman-shultz. >> 80%. 80% of americans do not want washington to lay a finger on medicare and medicaid. that's a heck of a number. you know the nfl is about ready to do a deal. if some nfl coach said my quarterback is going to hit 80% of his passes this year, they'll say holy smokes, we're going to win the whole thing. that is a huge number. this just isn't democrats. it's
for a big deficit reduction and debt reduction package. we were offering a deal that caused for as much discretionary savings as the gang of six. we were calling for taxes that were less than what the gang of six had proposed. and we had -- we were calling for modifications to entitlement programs. this was an extraordinarily fair deal. if it was unbalanced, it was unbalanced in the direction of not enough revenue. nancy pelosi, harry reid, the democratic leadership, they sure did not like the plan that we were proposing to boehnor, but they were at least willing to engage in a conversation because they understood how important it is for us to actually solve this problem. and so far, i have not seen the capacity of the house republicans in particular to make those tough decisions. what a lot of the american people are so disappointed by is this sense that all the talk about responsibility, all the talk about the next generation, all the talk about making sacrifices, that when it comes to actually doing something difficult, folks walk away. here's what we're going to do. we have now run
"morning joe." now time for "the daily rundown". >>> big disappointment on the job front. employment stalled, unemployment rises to 9.2%, stock futures dropping big-time on the news. the president will address the numbers later this morning. >>> no deal yet, but president obama and congressional leaders will work all weekend and instead of barbs we're hearing words like "constructive" and "productive." optimism abounds as a deal is truly in the works. both sides seem prepared for seergs concessions. what do these jobs numbers mean and will they hold up a deal as it gets rid of a lot of other issues at this point? >>> and with outside groups set to pour millions into the 2012 race, what's an incumbent pro president to do? is fighting fire with fire the answer? it's friday, june 8, 2012. >>> also this morning, waiting the final shuttle launch. will weather clear in time? and we've honored a departed friend you've invited into your living rooms for decades. >>> this jobs report, we thought the big news today would be the debt talks, but a stunning jobs report, gain of just 1
of a short term budget deal in the bud. calls leaders back to the white house. define big. a fresh new hampshire poll out find mitt romney holding strong. both in the primary and general but michelle bachmann has made big gains. is it time for republicans to start rally ago rounds a single candidate? some leaders think so. we'll ask the head of the republican party whether he agrees. and look at these pictures. it's a massive -- this is real. not special effects. 50 mile dust storm. it envelopes phoenix, arizona. downed trees. delayed flights. cut off power to thousands. not rain, folks. dust. wednesday, july 6, 2011. i'm chuck todd. let me get to my first reads of the morning. the idea of a short term debt deal gaining momentum in the senate. president nipped that talk in the bud. >> heard reports that there may be some in congress who want to do just enough to make sure that america avoid defaulting on our debt in the short term but then wants to kick the can down the road when it comes to solving the larger problem of our deficit. i don't share that view. >> the president's public s
on mcconnell's compromise plan as early as this week. that would mean republicans get big spending cuts in exchange for zero tax increases. the president vowed that that wouldn't happen. tonight let's be an honest broker and make sure he keeps his word. >> i do not see a path to a deal if they don't budge, period. >> president obama drew a line on taxes last week. republicans are running out the clock, and it looks like the president is caving. senator sheldon whitehouse is here. one of the key figures in the news corporate fox hacking scandal is found dead, and there's more trouble in the united states for rupert murdoch. filmmaker robert greenwall on the latest. in psycho talk tonight. >> yes, they have the right to do that. that's not discriminating based upon religion against their particular religion. >> republican presidential hopeful herman cain has a warped understanding of the constitution. more anti-islam remarks from the godfather's pizza man. tonight, he's attacking another candidate on his religion. remember last week everybody was saying, well, the president is in such a g
've tried to emphasize is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade. for 15 years, or 20 years, if we're willing to seize the moment. now, what that would require would be some shared sacrifice, and a balanced approach that says we're going to make significant cuts in domestic spending, and i have already said i am willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from the defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available, not just for this generation, but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by o
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
today? >> this wouldn't be the big deal if this is the only day, but this is day after day the spring into the summer. then let's pile on a top of humidity. that gets to the people and aggravates everyone. this is where the center of the heat is. right over the top of the eastern half of the country with the exception not being up in the great lakes. this is already the heat index. what time is it? it's 10:00. we are at 105 already in louisville. areas of memphis, nashville and st. louis are right behind. the worst has been centered over the ohio river valley and southern indiana. later today, this is my forecast heat index. this is how hot i'm predicting it's going to get. the worst is up here with the dew points at the highest. we are thinking 110 in louisville, 110 in nashville. i've got my money on 115 in memphis as the hottest heat index in the country. it goes from oklahoma city to the east coast. this is one of the first humid days we had from new york to deep, deep baltimore, raleigh. you go down the coast with no exceptions. this is historic in oklahoma city. we now had 13 da
's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides the final deal can pass. meanw
>>> big casino. let's play "hardball." >>> good evening. i'm chris matthews in washington. leading off tonight, shooting the moon. president obama met today with congressional leaders to deal with the debt and he may have calmed the republican' bluff. the president is pushing a plan much bigger than before with $4 trillion. that's trillion with a t, spending cuts. major changes to medicare and to social security could be on the table as well. provided republicans agree to an increase in tax revenues. we may be watching president obama outmaneuvering his republican opponents, positioning himself as an even bigger deficit hawk than those on the right. it's a bold move, but will it work? >>> and what happens if no deal on the debt creeling is reached? is president obama's last best option to invoke the 14th amendment, to bypass congress and borrow beyond the debt limit? conservatives are usually quick to defend the constitution, but congressman tim scott of south carolina says that move might be worthy of, believe it or not, impeachment. >>> how's this for a fight? fox is going after
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
the washington post, and one from what we played on msnbc earlier on jansing & company. >> well, it is a big deal as it was originally recordednd mr. hoyer in the whip meeting this morning mentioned it, so if mr. norquist was taking a position that is reasonable that expiring tax cuts under existing law were not tax increases that creates a lot of breathing room for us and head room. >> a lot. >> but my understanding is that he has gone back on that, and so revenues have to be part of it, and, you know, when i talk candidly to many of the republican colleagues, they understand that. and they are worried about the revenues and not getting the cuts, and there is anxiety on the net level of negotiation, but most folks understand that when we are spending 22% of the gdp and collecting revenues lower than the eisenhower era at 15%, that doesn't work. >> congressman, under the gun today? if not today, a deal by friday? what do you think? >> well, honestly, i don't know, but what i do know is that we have to have a deal and we cannot allow america to default. if you are eric cantor and want to have more
guys to protect the fat guys and corporate jets and big super rich. you're expendable now, crack thinkers. don't you understand? they play you against the poor and you're skpentable now. let those guys handle it. they got to protect the big guys. >> now know, that is coming from john mccain whose campaign might be compared to custard, except custer's came out better than mccain's did. in 2012 a conservative will be elected so i think that will speak for itself. his his brand was she lacks in 2007 within 2008. mine won the house of representative by record numbers in 2010. >> yeah, but now your brand of conservative is told, get your butts in line. don't get too big for yourself. because you've done your job. you're saving the corporate jet guys. you're closing in making sure to protect the loops holes. now just shut up and let us handle it, we've got movies it watch. thank you judson phillips. thank you for being here with me. >> thank you for having me. >> hosts of the bill press show on sirius radio, gentlemen, it is quite interesting, looks like mr. boehner is trying to get a
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put into legislative language with only 13 days to go
late friday night into early saturday morning. there will be a landfall, it's not a big deal, with a weak storm system you're not going to have the eye of the hurricane or anything like that. it's just, that's when the center will cross. we'll watch that on radar. it looks like, houston, you're out of the cone of uncertainty. that's this yellow cone. it should come onshore around corpus christi or brownsville and then it will dissipate as it moves into the mountainous terrain. here's how the computer models, each of these squigly lines represents each computer, and an almost unanimous decision, it will take us south to corpus christi. only one of our computers is hinting on a northward's track. in the dark red, this is where we need the rainfall the most, so it's actually going to head for a beneficial area. the problem is, it's such a small tropical storm that it's not going to be a widespread, it's not going to hit a large area. it's only going to have a small impact. and ed why, talk about -- they would just like the clouds from this storm. with 101 in san antonio, 104 in
democrats are calling for a roll back for tax benefits for wealthy americans, big corporations. republicans essentially saying, they can't support anything that looks like a tax hike. so we expect the president to come forward in his remarks today and resume his calls for a big deal. he's going to say now is the time to seize the moment and we're going to have to accept some political pain on both sides. that's something that we've heard him say before. political pain for the democrats would be coming to the table over entitlement reforms, in terms of social security, medicare, and, again, for the republicans, political pain might mean tax revenues. so that's what we expect him to say, chris. he's going to say that they're going to continue to talk until they get a deal done. as you know, there's that august 2nd deadline looming large. a lot of lawmakers want to see a deal within the next ten days so that that deal can be scored by the do and sold to both houses of congress. chris? >> thank you very much, kristin. let's go to new york and luke russert, coverage of capitol hill.
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
for a revenue hike. >> i disagree with that. >> you're still fighting that fight? >> look, the big grand bargain is still on the table. that deal is there if the speaker wants to return to the table and negotiate it. we came very close. the president and the speaker did. and that opportunity still exists. secondly, the helpful proposal senator reid put out does not include up front the tough issues of entitlement reform or tax reform, it creates a committee that would look at those issues on a fast-track basis by the end of the year. that's not possible, we prefer one that does it all at once. however this turns out if we don't get the tough issues addressed because they're essential to address the deficits and long-term debt we're going to return to the debate. because the public supports a balanced approach. it's not the right way to do this if we don't ask sacrifice from everybody. not just one sector or a limited number of sectors from the society. >> let's listen to what the president said last night, to voice support for a bipartisan deal. let's listen. >> the american people may have vote
the government, the smaller the people. and right now we've got a government so big and so expensive it's sapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> it is so elementary and so simple for the republicans, isn't it? boehner's two-step approach is nothing but a joke. for republicans, it all starts and ends with defeating president obama and seeing him fail. just take a look at the title of boehner's plan, "two-step approach to hold president obama accountable"? president obama accountable? did he inherit this? hold it there for just a moment. boehner isn't trying to solve the debt crisis. this is all about making president obama fail. let's dive into boehner's two-step plan. here's number one. cuts that exceed the debt hike. number two, caps to control future spending. now, those two steps seem pretty reasonable. the problem? boehner's two-step plan, you see, really has three more steps to it. number three, a balanced bu
. and right now we've got a government so big and so expensive it's sapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> it is so elementary and so simple for the republicans, isn't it? boehner's two-step approach is nothing but a joke. for republicans, it all starts and ends with defeating president obama and seeing him fail. just take a look at the title of boehner's plan, "two-step approach to hold president obama accountable"? president obama accountable? did he inherit this? hold it there for just a moment. boehner isn't trying to solve the debt crisis. this is all about making president obama fail. let's dive into boehner's two-step plan. here's number one. cuts, cuts that exceed the debt hike. number two, caps to control future spending. now, those two steps seem pretty reasonable. the problem? boehner's two-step plan, you see, really has three more steps to it. number three, a balanced budget amendment. now, l
as well. so we need to do something big. >>> plus, decline of an empire? murdoch makes the cover of "time." the uk makes another arrest. and u.s. lawmakers demand investigations into news corp's actions here at home. >>> strikeout. why did the judge just declare a mistrial in the roger clemens' perjury case? >>> good day. i'm andrea mitchell live in washington. it's round five of the debt talks today. coming off the most heated exchange yet in the debt negotiations between president obama and republican leaders. eric cantor says the president all but stormed out of the last meeting. democrats have a different story. their version is that in fact, it was the republicans' fault. major garrett is congressional correspondent. here we are unveiling the cover as we do every week of the "national journal." let's talk about these negotiations. we've got he said/he said, basically. you have two sides accusing each other of storming out. it clearly got a little bit testy. >> it got testy -- >> we're told cantor interrupted the president several times. >> eric cantor was persistent, i'm sure. eric c
clearly we have a bought one. time to change that. our show starts right now. >>> well, the big story today, whether we like it or not, round 4. right now congressional leaders walking back into the white house for the fourth straight day of debt talks with president obama. it is hump day here in new york city, and across this great land. i am dylan ratigan. a pleasure to be seeing you. debt negotiators have yet to get over their trillion dollar hump and agree on a debt deal to keep our nation functional, the president stepping up the fearmongering, warning that seniors may not be able to get their social security check next month if congress does not act. quite simply, that would not happen. on the gop side, speaker boehner said any deal would be a crapshoot. house majority leader eric cantor, king of the prowrestlers these days, a leading voice emerging, aligning with the extremely far right idea logically prime minister study committee, in guarantees another job-killing debt crisis. that's a good talking point. i think most notably we'll stop spending on pod people or -- does
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
, but this is a grave moment for the country. we need to do something very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were back pedaling a bit on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under
>>> good thursday, everybody. i'm contessa brewer covering the big news coast to coast. we begin with breaking news out of texas, where authorities have arrested an army private assigned to fort campbell, kentucky. officials found bomb-making materials in his hotel room. that arrest came after someone reportedly overheard the private threatening to stage an attack on the army post at fort hood. fort hood was the scene of a deadly shooting attack in november 2009. major nadal hassan is accused of killing 13 people and wounding dozens of others. pete williams has the latest from washington now. pete, what do you know about this arrest of the private? >> reporter: right. well, good afternoon. you saw killeen, texas on that map. that's where he was arrested. he's a private first class assigned to fort campbell, but arrested in texas yesterday and according to law enforcement officials, what happened is he went into a gun store in killeen, texas and was asking questions that the gun store owner thought was suspicious. he was also buying smokeless powder which can be used for a variety
the debt ceiling to go up and take cuts to the big three off the table. mcconnell late today put out his last chance plan. >> i would advocate that we pass legislation giving the president the authority, the authority to request of us an increase in the debt ceiling that would take us past the end of his term. that is what he has said. he said he will not sign a debt ceiling that does not take us past the end of his term. >> so mcconnell's plan would allow republicans to vote against the debt increase, but it would allow the president to increase the debt. the downside for the righties? cuts to the big three would be off the table. that's been their mission all along. the tea party jumped all over mcconnell, right wing blogger eric rashgson said mitch mcconnell is making a historic capitulation. consider sending mcconnell a weasel. john boehner is on board with the senate leader mcconnell. he ran over to fox news and did major cya. >> i think everybody believe there is needs to be a backup plan if we cannot come to an agreement, and i think mitch has done good work. >> backup plan? at th
. you have a big group of new freshman republican members in the house. they are not budging. they're not listening to just about anybody. it's -- they're going on what they believe is a mandate with this big tea party election in 2010 and they haven't really budged. you're seeing business leaders on wall street saying do something, do anything. this group of freshman republicans aren't really budging. will it have been an impact heez emails and phone calls, who knows. it may mean that house republican leaders have to shift away from what these small group of freshman republicans want. we'll see if it has an impact or not. there's not a whole lot of time left. >> indeed. thank you so much. we will be talking with nbc's chuck todd in a few minutes. >>> the first tropical system of the year has fizzled out. tropical storm don has weakened into a tropical depression. the storm made landfall along corpus christie. it brought little relief to the record breaking heat in the lone star state. here's with your saturday forecast bill karins. good saturday morning to you, bill. >> all the hy
a democratic president at the table willing to make major changes in the big three, to the tune of $4 trillion across the board, and the republicans won't take the deal. it's rather amazing. why? are they afraid that president obama might do well with independent voters? are they miscalculating the fact that the base would be furious with the president if he were to cave in on the big three? and president obama tonight in my opinion is emerging as the most honest broker maybe washington has seen in a long, long time. he openly states he's willing to put his presidency on the line to bring both sides together to get a deal, and the only way he believes that can be done is if some revenue from the wealthiest americans comes into the treasury. and the republicans won't budge. it's amazing, it really is amazing. president obama is trying to make an honest negotiations at the decade. this is what republicans have wanted for decades. they have a democratic president that's willing to do it and they walk? because of revenue? amazing. for more on tonight's meeting, sam young man. white house correspon
, but if a shrunken version of the boehner big does -- or if they go to an emergency extension, the president will be right back in the same predicament he's in right now. i think a lot of people are upset. they blame the republicans more than the democrats for the gamesmanship, but the fact is the republicans have also backed the president into a corner, even if they're doing it in a way that's not popular. >> i want you to analyze these two possibilities, one the president could give away more of the store, more spending cuts, maybe enough to get us thus this increase. which would make the redhots happy. no tax increase at all. the other possibility is to marry what boehner wants right now with what mcconned was talking about next year, where next year it can be are can be raised by the president, only the house would have to come back with a two thirds veto, so it seems there is a possibility for compromise, but the easiest thing is for the president to throw the whole bomb game, say, you win this year, not next year. >> i don't think he can do >> i don't think he can do that, chris. when
come back from europe, there's a disparages disbelief. last thursday there was a big meeting about the euro zone crisis. whatever you think of the plan they come up, however, they all came together, came up with a plafç to avert crisis. looking at washington's politicians and thinking, hey, hang on a minute, they're as -- >> didn't you run a bureau -- >> i was in italy last week in fact. the analogy is apt. the difference is the market shook italy two weeks ago into doing something. they pass add 40 billion euro austerity plan, because the market freaked out. >> and in england as well. we held that deficit reduction, because we were worried about the market. here? >> i want to go back to jonathan's point, and this is -- i think people are trying to understand the implications. because america is the reserve currency of the world, because all the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyo
in this country, if we don't meet our bills, do we get into big trouble, or don't we? some people are holding out and saying, this isn't a problem we can slither through this thing. where are you on that? >> no. i think it is a problem. in fact, you know, we have slowly stair stepped our way into this mess and certainly the gop caucus, right on right crime perpetrated there with the different messages and you know, who's on top of who? who's the leading voice today? done nothing more than muddled the debate for a lot of the american people right now. you're seeing it begin to reflect in the polls. beginning to see it reflect amongst some of the other members of the caucus who are just sick and tired of not getting to a point of resolution. so i think that there are very serious people there beginning to step up with the party on both sides, quite frankly, to move the participants to a point where we can actually begin to get something done. i think, chris, there will be a deal done. the question is, right now, what exactly does it look like, and who's prepared to stand before the american people
't pass their own plan? breaking news tonight, speaker boehner delays the big vote indicating he does not have votes to pass it. it all raises the big question, has the tea party taken control of boehner's house? >>> plus, wouldn't you love to know what mr. economy thinks about all this? too bad. because mr. romney is not talking. how's that for leadership. >>> and waiting with wait until you meet the latest extremist to log on to perry's prayer route. i'm al sharpton. breaking news. boehner abruptly delayed a make or break vote on his own debt plan. the speaker frantically been trying to whip up support from tea party republicans all day long. it is an indication that he simply does not have the votes to pass his plan. it is unclear when the vote will happen. the fear here would be a stunning setback for his leadership and for the g oo p establishment as it battles with party members. joining me is nbc's luke russell live on capitol hill. luke, can you tell us what is happening here? >> good evening reverend al. an alarming piece of news that came to us about 15 minutes ago. democrat
-health clinical toothpaste. life opens up when you do. >>> the numbers are still rolling in but the big 2012 fundraising winner looks like president obama. the commander in chief has set a $60 million goal for this quarter. and michele bachmann is spending some of her money on a new ad in iowa. check it out. >> as a mom of five, a foster parent, and a former tax lawyer and now a small business job creator, i know that we can't keep spending money that we don't have. >> today the obama administration plans to announce two programs to help unemployed homeowners. usa today reports that the program would give people out of work more time to pay their mortgages. and we're less than an hour away from the players going into the cabinet room at the white house to try to figure out a deal to cut the debt. the big headline today, the president has put social security, medicare, and medicaid on the table if republicans will agree to tax hikes. it's an attempt to break an impasse. the president and the speaker have met privately to talk about the deal. let's bring in the editor and political columnist a
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
an agreement on the debt ceiling. >>> our top story it was touch and no go for a big waiting and wondering game to see if the weather could cooperate. about half an hour ago the "atlantis" was cleared for takeoff and off it went. take a look. >> america will continue the dream. >> this is the 135th and final space shuttle flight. with it nasa's 30-year shuttle program comes to an end. msnbc's tam ron hall host of "news nation" is live at cape canaveral. you were will watching the entire thing, tam ron. could you feel it? >> absolutely. you know, richard, before the launch, several of the veterans around here told me that you could actually feel the ground shake and ufld feel the tremor. i thought, these are urban myths that you hear. not only did ulf, i felt the tremendous morse. i felt it reverberate through my body. we are the conduit for those at home, i was moved to tears witnessing that four-person crew going up on the final launch of the shuttle program. it is incredible. "atlantis" has traveled other 115 million miles. it is the lightest in the fleet. it was built at a rapid pace because
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